After a torrid period for Indian startup stocks which saw the values of listed companies erode over a period of more than two…
The list of global tech companies manufacturing their products in India continues to grow longer. India’s Dixon has partnered with Nokia to make…
Just around an hour ago, OpenAI released its o3 model. The model blew existing AI benchmarks out of the water, getting record scores…
All manner of multinational companies already have their presence in India, but India is now featuring ever more prominently in their plans. US-based…
Apart from the stock market, which appears risky, there are several places where your savings can be invested. Many products are also purchased from a tax saving point of view and that too at the last moment, which often results in wealth erosion. We bring the five must-have investment options for any professional.
“Your urging has the flavour of reducing this meaningful constructive exercise designed to produce informed decisions into a crudely majoritarian and orchestrated opinion poll.” This isn’t a school headmaster admonishing an errant student. It’s TRAI letting Facebook know what it thought of its Free Basics poll that generated 9 million responses.
Over the last year, India has seen a mushrooming of chat apps that aimed to connect consumers directly with businesses. Services like LookUp, Haptik and Helpchat all had business models that involved setting up and easy, phone-based communication channel between users and local businesses, and had met with varying levels of success. But the industry is now likely to be upturned. Whatsapp, the global chat behemoth with 70 million Indian users, is looking to enter the space in a big way.
The name for your company, product or the brand is probably going to be one of the most important decisions you’ll make in the process of starting a company, only second to the business itself. It will be the name you would mentally verbalise a 100 times a day and hope for it to become a household name in due time. So what are the factors one should keep before naming their company? We asked a few startup founders and did our research and found the following patterns:
The original social networking site, Friends Reunited, is being shut down. Launched in 2000 by Steve Pankhurst and Jason Porter, the site allowed its users to get in touch with old acquaintances by searching for people who shared a school, university or workplace.
In a bizarre move, the state of Karnataka has enforced a luxury tax on Intensive Care Units (ICUs), at hospitals. The tax would be levied at 8% per bed priced above Rs. 1000.
While the founder Deep Kalra was in spotlight at the startup India event, the Nasdaq-listed travel company MakeMytrip had a run-in with the tax authorities of India. According to the Directorate General of Central Excise Intelligence (DGCEI), MakeMytrip has failed to deposit all of the service tax the online travel aggregator has collected from the public. An executive from the company was taken into police custody for the same and later released on bail.
India’s fledging hyperlocal delivery startups now have some competition – and it’s not from another yet another superfunded startup trying its luck in the already crowded space. It’s from Mumbai’s iconic dabbawalas, who’ve been delivering food to Mumbai’s office-goers since 1890.
Flipkart appears to have put the final nail in the coffin of its app-only push that it began in May last year. Its latest sale, centered around Republic Day, will be available on both desktop and app. There’s also a company-wide move to make all products and services available on desktops, company insiders tell OfficeChai.
